Iceland (2006) | Iceland (2003) | |
Administrative divisions | 8 regions; Austurland, Hofudhborgarsvaedhi, Nordhurland Eystra, Nordhurland Vestra, Sudhurland, Sudhurnes, Vestfirdhir, Vesturland | 23 counties (syslur, singular - sysla) and 14 independent towns* (kaupstadhir, singular - kaupstadhur); Akranes*, Akureyri*, Arnessysla, Austur-Bardhastrandarsysla, Austur-Hunavatnssysla, Austur-Skaftafellssysla, Borgarfjardharsysla, Dalasysla, Eyjafjardharsysla, Gullbringusysla, Hafnarfjordhur*, Husavik*, Isafjordhur*, Keflavik*, Kjosarsysla, Kopavogur*, Myrasysla, Neskaupstadhur*, Nordhur-Isafjardharsysla, Nordhur-Mulasys-la, Nordhur-Thingeyjarsysla, Olafsfjordhur*, Rangarvallasysla, Reykjavik*, Saudharkrokur*, Seydhisfjordhur*, Siglufjordhur*, Skagafjardharsysla, Snaefellsnes-og Hnappadalssysla, Strandasysla, Sudhur-Mulasysla, Sudhur-Thingeyjarsysla, Vesttmannaeyjar*, Vestur-Bardhastrandarsysla, Vestur-Hunavatnssysla, Vestur-Isafjardharsysla, Vestur-Skaftafellssysla
note: there may be four other counties |
Age structure | 0-14 years: 21.7% (male 33,021/female 32,021)
15-64 years: 66.5% (male 100,944/female 98,239) 65 years and over: 11.7% (male 15,876/female 19,287) (2006 est.) |
0-14 years: 22.7% (male 32,902; female 30,952)
15-64 years: 65.4% (male 92,519; female 91,000) 65 years and over: 11.9% (male 14,973; female 18,452) (2003 est.) |
Agriculture - products | potatoes, green vegetables; mutton, dairy products; fish | potatoes, green vegetables, chicken, pork, mutton; fish |
Airports | 98 (2006) | 86 (2002) |
Airports - with paved runways | total: 5
over 3,047 m: 1 1,524 to 2,437 m: 3 914 to 1,523 m: 1 (2006) |
total: 13
over 3,047 m: 1 1,524 to 2,437 m: 4 914 to 1,523 m: 8 (2002) |
Airports - with unpaved runways | total: 93
1,524 to 2,437 m: 3 914 to 1,523 m: 29 under 914 m: 61 (2006) |
total: 73
1,524 to 2,437 m: 3 914 to 1,523 m: 21 under 914 m: 49 (2002) |
Birth rate | 13.64 births/1,000 population (2006 est.) | 14.13 births/1,000 population (2003 est.) |
Budget | revenues: $6.995 billion
expenditures: $6.761 billion; including capital expenditures of $467 million (2005 est.) |
revenues: $3.5 billion
expenditures: $3.3 billion, including capital expenditures of $467 million (1999) |
Capital | name: Reykjavik
geographic coordinates: 64 09 N, 21 57 W time difference: UTC (5 hours ahead of Washington, DC during Standard Time) |
Reykjavik |
Coastline | 4,970 km | 4,988 km |
Constitution | 16 June 1944, effective 17 June 1944; amended many times | 16 June 1944, effective 17 June 1944 |
Country name | conventional long form: Republic of Iceland
conventional short form: Iceland local long form: Lydveldid Island local short form: Island |
conventional long form: Republic of Iceland
conventional short form: Iceland local long form: Lydhveldidh Island local short form: Island |
Currency | - | Icelandic krona (ISK) |
Death rate | 6.72 deaths/1,000 population (2006 est.) | 6.95 deaths/1,000 population (2003 est.) |
Debt - external | $3.073 billion (2002) | $2.6 billion (1999) |
Diplomatic representation from the US | chief of mission: Ambassador Carol VAN VOORST
embassy: Laufasvegur 21, 101 Reykjavik mailing address: US Department of State, 5640 Reykjavik Place, Washington, D.C. 20521-5640 telephone: [354] 562-9100 FAX: [354] 562-9118 |
chief of mission: Ambassador James I. GADSDEN
embassy: Laufasvegur 21, 101 Reykjavik mailing address: US Embassy, PSC 1003, Box 40, FPO AE 09728-0340 telephone: [354] 5629100 FAX: [354] 5629118 |
Disputes - international | Iceland disputes Denmark's alignment of the Faroe Islands' fisheries median line; Iceland, the UK, and Ireland dispute Denmark's claim that the Faroe Islands' continental shelf extends beyond 200 nm | Rockall continental shelf dispute involving Denmark, Iceland, and the UK (Ireland and the UK have signed a boundary agreement in the Rockall area); dispute with Denmark over the Faroe Islands' fisheries median line boundary within 200 NM; disputes with Denmark, the UK, and Ireland over the Faroe Islands continental shelf boundary outside 200 NM |
Economic aid - donor | $6.7 million $NA | $NA |
Economy - overview | Iceland's Scandinavian-type economy is basically capitalistic, yet with an extensive welfare system (including generous housing subsidies), low unemployment, and remarkably even distribution of income. In the absence of other natural resources (except for abundant geothermal power), the economy depends heavily on the fishing industry, which provides 70% of export earnings and employs 4% of the work force. The economy remains sensitive to declining fish stocks as well as to fluctuations in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon. Government policies include reducing the current account deficit, limiting foreign borrowing, containing inflation, revising agricultural and fishing policies, and diversifying the economy. The government remains opposed to EU membership, primarily because of Icelanders' concern about losing control over their fishing resources. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, and new developments in software production, biotechnology, and financial services are taking place. The tourism sector is also expanding, with the recent trends in ecotourism and whale watching. Growth had been remarkably steady in 1996-2001 at 3%-5%, but could not be sustained in 2002 in an environment of global recession. Growth resumed in 2003, and estimates call for strong growth until 2007, slowly dropping until the end of the decade. | Iceland's Scandinavian-type economy is basically capitalistic, yet with an extensive welfare system (including generous housing subsidies), low unemployment, and remarkably even distribution of income. In the absence of other natural resources (except for abundant hydrothermal and geothermal power), the economy depends heavily on the fishing industry, which provides 70% of export earnings and employs 12% of the work force. The economy remains sensitive to declining fish stocks as well as to fluctuations in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon. Government policies include reducing the budget and current account deficits, limiting foreign borrowing, containing inflation, revising agricultural and fishing policies, diversifying the economy, and privatizing state-owned industries. The government remains opposed to EU membership, primarily because of Icelanders' concern about losing control over their fishing resources. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, and new developments in software production, biotechnology, and financial services are taking place. The tourism sector is also expanding, with the recent trends in ecotourism and whale watching. Growth had been remarkably steady in 1996-2001 at 3%-5%, but could not be sustained in 2002 in an environment of global recession. Growth resumed in 2003, and inflation dropped back from 5% to 2%. |
Electricity - consumption | 8.619 billion kWh (2004) | 7.341 billion kWh (2001) |
Electricity - exports | 0 kWh (2003) | 0 kWh (2001) |
Electricity - imports | 0 kWh (2003) | 0 kWh (2001) |
Electricity - production | 8.619 billion kWh (2004) | 7.894 billion kWh (2001) |
Electricity - production by source | - | fossil fuel: 0.1%
hydro: 82.5% nuclear: 0% other: 17.5% (2001) |
Elevation extremes | lowest point: Atlantic Ocean 0 m
highest point: Hvannadalshnukur 2,110 m (at Vatnajokull glacier) |
lowest point: Atlantic Ocean 0 m
highest point: Hvannadalshnukur 2,119 m (at Vatnajokull glacier) |
Environment - international agreements | party to: Air Pollution, Air Pollution-Persistent Organic Pollutants, Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Kyoto Protocol, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Transboundary Air Pollution, Wetlands
signed, but not ratified: Environmental Modification, Marine Life Conservation |
party to: Air Pollution, Biodiversity, Climate Change, Desertification, Endangered Species, Environmental Modification, Environmental Protection through Criminal Law, Hazardous Wastes, Kyoto Protocol, Law of the Sea, Marine Dumping, Nuclear Test Ban, Oil Pollution, Ozone Layer Protection, Persistent Organic Pollutants, Ship Pollution, Transboundary Air Pollution, Wetlands
signed, but not ratified: Air Pollution-Persistent Organic Pollutants, Environmental Modification, Marine Life Conservation |
Exchange rates | Icelandic kronur per US dollar - 62.982 (2005), 70.192 (2004), 76.709 (2003), 91.662 (2002), 97.425 (2001) | Icelandic kronur per US dollar - 91.66 (2002), 97.42 (2001), 78.62 (2000), 72.34 (1999), 70.96 (1998) |
Executive branch | chief of state: President Olafur Ragnar GRIMSSON (since 1 August 1996)
head of government: Prime Minister Geir H. HAARDE (since 7 June 2006) cabinet: Cabinet appointed by the prime minister elections: president, largely a ceremonial post, is elected by popular vote for a four-year term (no term limits); election last held 26 June 2004 (next to be held June 2008); following legislative elections, the leader of the majority party or the leader of the majority coalition is usually the prime minister election results: Olafur Ragnar GRIMSSON 85.6%, Baldur AGUSTSSON 12.5%, Astthor MAGNUSSON 1.9% |
chief of state: President Olafur Ragnar GRIMSSON (since 1 August 1996)
head of government: Prime Minister David ODDSSON (since 30 April 1991) cabinet: Cabinet appointed by the prime minister and approved by Parliament elections: president, which is largely a ceremonial post, elected by popular vote for a four-year term; election last held 29 June 1996 (next to be held NA June 2004); President GRIMSSON ran unopposed in June 2000 so there were no elections; prime minister appointed by the president election results: Olafur Ragnar GRIMSSON ran unopposed in 2000 and was reelected |
Exports - commodities | fish and fish products 70%, aluminum, animal products, ferrosilicon, diatomite | fish and fish products 70%, animal products, aluminum, diatomite, ferrosilicon |
Exports - partners | UK 17.9%, Germany 16.4%, Netherlands 13%, US 8.1%, Spain 7.7%, Denmark 4.3% (2005) | Germany 18.5%, UK 17.5%, Netherlands 11.4%, US 10.9%, Spain 5.2%, Denmark 4.6%, Portugal 4.3%, Norway 4.2% (2002) |
GDP | - | purchasing power parity - $8.444 billion (2002 est.) |
GDP - composition by sector | agriculture: 8.6%
industry: 15% services: 76.5% (2005 est.) |
agriculture: 14% (includes fishing 12%)
industry: 21% services: 65% (2001 est.) |
GDP - per capita | - | purchasing power parity - $30,200 (2002 est.) |
GDP - real growth rate | 5.6% (2005 est.) | -0.6% (2002 est.) |
Highways | - | total: 12,955 km
paved/oiled gravel: 3,863 km unpaved: 9,092 km (2003) |
Imports - commodities | machinery and equipment, petroleum products, foodstuffs, textiles | machinery and equipment, petroleum products; foodstuffs, textiles |
Imports - partners | Germany 13.4%, US 9.1%, Sweden 8.6%, Denmark 7.3%, Norway 7.2%, UK 5.9%, China 5.3%, Netherlands 5%, Japan 4.7% (2005) | US 10.9%, Germany 10.7%, Denmark 8.5%, Norway 8%, UK 7.5%, Netherlands 6%, Sweden 5.9% (2002) |
Industrial production growth rate | 14.2% (2005 est.) | 0.2% (2002 est.) |
Industries | fish processing; aluminum smelting, ferrosilicon production; geothermal power, tourism | fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism |
Infant mortality rate | total: 3.29 deaths/1,000 live births
male: 3.43 deaths/1,000 live births female: 3.14 deaths/1,000 live births (2006 est.) |
total: 3.5 deaths/1,000 live births
male: 3.79 deaths/1,000 live births female: 3.19 deaths/1,000 live births (2003 est.) |
Inflation rate (consumer prices) | 4% (2005 est.) | 5.2% (2002 est.) |
International organization participation | Arctic Council, Australia Group, BIS, CBSS, CE, EAPC, EBRD, EFTA, FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, IPU, ISO, ITU, MIGA, NATO, NC, NEA, NIB, OECD, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UPU, WCO, WEU (associate), WHO, WIPO, WMO, WTO | Australia Group, BIS, CBSS, CE, EAPC, EBRD, ECE, EFTA, FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICFTU, ICRM, IDA, IEA (observer), IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, Interpol, IOC, ISO, ITU, NATO, NC, NEA, NIB, OECD, OPCW, OSCE, PCA, UN, UNCTAD, UNESCO, UNMIBH, UNMIK, UNU, UPU, WCO, WEU (associate), WHO, WIPO, WMO, WTrO |
Internet Service Providers (ISPs) | - | 20 (2001) |
Irrigated land | NA | NA sq km |
Labor force | 165,900 (2005 est.) | 159,000 (2000) |
Labor force - by occupation | agriculture: 10.3%
industry: 18.3% services: 71.4% (2003) |
agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, other services 59.5% (1999) |
Land use | arable land: 0.07%
permanent crops: 0% other: 99.93% (2005) |
arable land: 1%
permanent crops: 0% permanent pastures: 28% forest and woodlands: 1% other: 70% (2001 est.) |
Legislative branch | unicameral Parliament or Althing (63 seats; members are elected by popular vote to serve four-year terms)
elections: last held 10 May 2003 (next to be held by May 2007) election results: percent of vote by party - Independence Party 33.7%, Social Democratic Alliance 31%, Progressive Party 17.7%, Left-Green Movement 8.8%, Liberal Party 7.4%; seats by party - Independence Party 22, Social Democratic Alliance 20, Progressive Party 12, Left-Green Alliance 5, Liberal Party 4 |
unicameral Parliament or Althing (63 seats; members are elected by popular vote to serve four-year terms)
elections: last held 10 May 2003 (next to be held by May 2007) election results: percent of vote by party - Independence Party 33.7%, Social Democratic Alliance 31.0%, Progressive Party 17.7%, Left-Green Alliance 8.8%, Liberal Party 7.4%; seats by party - Independence Party 22, Social Democratic Alliance 20, Progressive Party 12, Left-Green Alliance 5, Liberal Party 4 |
Life expectancy at birth | total population: 80.31 years
male: 78.23 years female: 82.48 years (2006 est.) |
total population: 79.8 years
male: 77.54 years female: 82.22 years (2003 est.) |
Literacy | definition: age 15 and over can read and write
total population: 99% male: 99% female: 99% (2003 est.) |
definition: age 15 and over can read and write
total population: 99.9% (1997 est.) male: NA% female: NA% |
Maritime claims | territorial sea: 12 nm
exclusive economic zone: 200 nm continental shelf: 200 nm or to the edge of the continental margin |
continental shelf: 200 NM or to the edge of the continental margin
exclusive economic zone: 200 NM territorial sea: 12 NM |
Merchant marine | total: 1 ship (1000 GRT or over) 3,354 GRT/480 DWT
by type: passenger/cargo 1 registered in other countries: 34 (Antigua and Barbuda 8, Bahamas 1, Belize 2, Faroe Islands 4, Gibraltar 1, Malta 4, Norway 4, Saint Vincent and the Grenadines 10) (2006) |
total: 1 ships (1,000 GRT or over) 3,500 GRT/5,000 DWT
ships by type: chemical tanker 1 (2002 est.) |
Military - note | under a 1951 bilateral agreement, Iceland's defense was provided by a US-manned Icelandic Defense Force (IDF) headquartered in Keflavik; in October 2006, all US military forces in Iceland were withdrawn; nonetheless, the US and Iceland signed a Joint Understanding to strengthen their bilateral defense relationship, including regular security consultations, military communications in the event of national emergencies, annual bilateral exercises on Icelandic territory, and future bilateral and NATO support to four Iceland Air Defense System (IADS) radar sites | defense is provided by the US-manned Icelandic Defense Force (IDF) headquartered at Keflavik |
Military branches | no regular armed forces; Icelandic National Police, Icelandic Coast Guard (Islenska Landhelgisgaeslan) subordinate to Ministry of Justice, Icelandic Crisis Response Unit (2006) | no regular armed forces; Police, Coast Guard |
Military expenditures - dollar figure | 0 | $0 |
Military expenditures - percent of GDP | 0% | - |
Military manpower - availability | - | males age 15-49: 71,157 (2003 est.) |
Military manpower - fit for military service | - | males age 15-49: 62,552 (2003 est.) |
Net migration rate | 1.74 migrant(s)/1,000 population (2006 est.) | -2.26 migrant(s)/1,000 population (2003 est.) |
Political parties and leaders | Independence Party or IP [Geir HAARDE]; Left-Green Movement or LGM [Steingrimur SIGFUSSON]; Liberal Party or LP [Gudjon KRISTJANSSON]; Progressive Party or PP [Halldor ASGRIMSSON - will step down in August 2006]; Social Democratic Alliance (includes People's Alliance or PA, Social Democratic Party or SDP, Women's List) or SDA [Ingibjorg Solrun GISLADOTTIR] | Independence Party or IP [David ODDSSON]; Left-Green Alliance or LGP [Steingrimur SIGFUSSON]; Liberal Party or LP [Gudjon KRISTJANSSON]; Progressive Party or PP [Halldor ASGRIMSSON]; Social Democratic Alliance (includes People's Alliance or PA, Social Democratic Party or SDP, Women's List)or SDA [Ossur SKARPHEDINSSON]; Social Democratic Party or SDP [Sighvatur BJORGVINSSON]; Women's List or WL [Kristin ASTGEIRSDOTTIR] |
Population | 299,388 (July 2006 est.) | 280,798 (July 2003 est.) |
Population growth rate | 0.87% (2006 est.) | 0.49% (2003 est.) |
Ports and harbors | - | Akureyri, Hornafjordhur, Isafjordhur, Keflavik, Raufarhofn, Reykjavik, Seydhisfjordhur, Straumsvik, Vesttmannaeyjar |
Railways | - | 0 km |
Religions | Lutheran Church of Iceland 85.5%, Reykjavik Free Church 2.1%, Roman Catholic Church 2%, Hafnarfjorour Free Church 1.5%, other Christian 2.7%, other or unspecified 3.8%, unaffiliated 2.4% (2004) | Evangelical Lutheran 87.1%, other Protestant 4.1%, Roman Catholic 1.7%, other 7.1% (2002) |
Sex ratio | at birth: 1.04 male(s)/female
under 15 years: 1.03 male(s)/female 15-64 years: 1.03 male(s)/female 65 years and over: 0.82 male(s)/female total population: 1 male(s)/female (2006 est.) |
at birth: 1.08 male(s)/female
under 15 years: 1.06 male(s)/female 15-64 years: 1.02 male(s)/female 65 years and over: 0.81 male(s)/female total population: 1 male(s)/female (2003 est.) |
Telephone system | general assessment: extensive domestic service
domestic: the trunk network consists of coaxial and fiber-optic cables and microwave radio relay links international: country code - 354; satellite earth stations - 2 Intelsat (Atlantic Ocean), 1 Inmarsat (Atlantic and Indian Ocean regions); note - Iceland shares the Inmarsat earth station with the other Nordic countries (Denmark, Finland, Norway, and Sweden) |
general assessment: extensive domestic service
domestic: the trunk network consists of coaxial and fiber-optic cables and microwave radio relay links international: satellite earth stations - 2 Intelsat (Atlantic Ocean), 1 Inmarsat (Atlantic and Indian Ocean regions); note - Iceland shares the Inmarsat earth station with the other Nordic countries (Denmark, Finland, Norway, and Sweden) |
Telephones - main lines in use | 193,900 (2005) | 196,984 (2001) |
Telephones - mobile cellular | 304,000 (2005) | 248,131 (221,231 GSM, 26,900 NMT) (2001) |
Total fertility rate | 1.92 children born/woman (2006 est.) | 1.98 children born/woman (2003 est.) |
Unemployment rate | 2.1% (2005 est.) | 2.8% (2002 est.) |
Waterways | - | none |